Can I retire at age 70 with 6,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $6,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$561,538$556,536$551,656$546,893$542,242$538,599
2 years$277,989$272,812$267,794$262,929$258,210$254,536
3 years$183,485$178,285$173,280$168,461$163,819$160,228
4 years$136,242$131,059$126,104$121,367$116,837$113,356
5 years$107,904$102,752$97,862$93,221$88,818$85,457
6 years$89,018$83,904$79,087$74,550$70,279$67,043
7 years$75,534$70,463$65,722$61,292$57,155$54,046
8 years$65,425$60,400$55,737$51,416$47,416$44,433
9 years$57,566$52,589$48,006$43,795$39,931$37,074
10 years$51,283$46,354$41,853$37,752$34,023$31,290
11 years$46,146$41,267$36,847$32,855$29,261$26,651
12 years$41,868$37,039$32,701$28,819$25,357$22,867
13 years$38,251$33,472$29,216$25,442$22,112$19,739
14 years$35,153$30,425$26,250$22,585$19,383$17,125
15 years$32,471$27,794$23,701$20,142$17,066$14,920
16 years$30,127$25,500$21,488$18,035$15,083$13,045
17 years$28,060$23,485$19,553$16,204$13,374$11,441
18 years$26,225$21,701$17,850$14,603$11,891$10,060
19 years$24,585$20,112$16,341$13,195$10,599$8,866
20 years$23,111$18,689$14,997$11,951$9,467$7,829
21 years$21,779$17,408$13,794$10,846$8,472$6,925
22 years$20,570$16,250$12,713$9,862$7,594$6,135
23 years$19,467$15,198$11,738$8,981$6,817$5,441
24 years$18,458$14,240$10,856$8,191$6,127$4,832
25 years$17,531$13,364$10,055$7,481$5,514$4,295
26 years$16,677$12,560$9,325$6,840$4,966$3,822
27 years$15,888$11,820$8,659$6,261$4,478$3,403
28 years$15,156$11,138$8,050$5,736$4,040$3,032
29 years$14,476$10,507$7,491$5,260$3,648$2,703
30 years$13,842$9,923$6,978$4,828$3,296$2,411
31 years$13,250$9,381$6,505$4,434$2,980$2,152
32 years$12,697$8,876$6,070$4,075$2,696$1,921
33 years$12,178$8,406$5,667$3,747$2,440$1,716
34 years$11,690$7,967$5,295$3,448$2,209$1,533
35 years$11,232$7,556$4,950$3,174$2,001$1,371
36 years$10,800$7,172$4,631$2,923$1,813$1,225
37 years$10,392$6,812$4,335$2,693$1,643$1,096
38 years$10,007$6,474$4,059$2,482$1,489$980
39 years$9,642$6,156$3,803$2,289$1,351$877
40 years$9,297$5,857$3,565$2,111$1,225$784
41 years$8,969$5,575$3,342$1,948$1,111$702
42 years$8,657$5,309$3,135$1,798$1,009$628
43 years$8,361$5,059$2,942$1,659$915$562
44 years$8,079$4,822$2,762$1,532$831$503
45 years$7,811$4,598$2,593$1,415$754$451
46 years$7,555$4,387$2,435$1,307$685$404
47 years$7,310$4,186$2,288$1,208$622$361
48 years$7,076$3,996$2,150$1,116$565$324
49 years$6,853$3,816$2,021$1,031$513$290
50 years$6,639$3,645$1,900$953$466$260

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $6,800,000, adding $2,248 every year, while hoping to spend $25,886 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/49/11 Blend
69$6,800,000$6,800,000$6,800,000$6,800,000
70$7,495,919$7,135,519$7,030,119$7,770,989
71$8,232,960$7,457,617$7,238,085$8,287,127
72$9,044,312$7,794,630$7,452,151$8,842,394
73$9,937,527$8,147,262$7,672,493$9,442,490
74$10,920,926$8,516,249$7,899,294$10,091,483
75$12,003,680$8,902,365$8,132,740$10,793,833
76$13,195,893$9,306,419$8,373,024$11,554,432
77$14,508,699$9,729,258$8,620,345$12,378,646
78$15,954,366$10,171,771$8,874,905$13,272,364
79$17,546,412$10,634,889$9,136,916$14,242,046
80$19,299,736$11,119,588$9,406,592$15,294,785
81$21,230,751$11,626,890$9,684,156$16,438,369
82$23,357,548$12,157,867$9,969,835$17,681,347
83$25,700,057$12,713,642$10,263,863$19,033,109
84$28,280,243$13,295,391$10,566,483$20,503,969
85$31,122,310$13,904,347$10,877,942$22,105,259
86$34,252,928$14,541,803$11,198,496$23,849,428
87$37,701,488$15,209,112$11,528,407$25,750,157
88$41,500,376$15,907,695$11,867,945$27,822,484
89$45,685,280$16,639,038$12,217,387$30,082,934
90$50,295,529$17,404,701$12,577,020$32,549,679
91$55,374,459$18,206,318$12,947,136$35,242,694
92$60,969,827$19,045,600$13,328,038$38,183,945
93$67,134,258$19,924,343$13,720,036$41,397,587
94$73,925,744$20,844,429$14,123,449$44,910,187
95$81,408,192$21,807,827$14,538,607$48,750,965
96$89,652,023$22,816,606$14,965,845$52,952,064
97$98,734,841$23,872,932$15,405,513$57,548,845
98$108,742,163$24,979,074$15,857,966$62,580,210
99$119,768,228$26,137,412$16,323,572$68,088,967
100$131,916,883$27,350,442$16,802,708$74,122,216